Traders Buy Large Volume of Put Options on Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF)

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) was the recipient of some unusual options trading activity on Friday. Stock investors bought 22,564 put options on the stock. This is an increase of approximately 59% compared to the average daily volume of 14,229 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMF. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the 1st quarter valued at approximately $25,000. PMV Capital Advisers LLC raised its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% during the first quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock worth $366,000 after acquiring an additional 1,261 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the second quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock valued at $281,000 after acquiring an additional 7,513 shares during the last quarter. Royal Bank of Canada lifted its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% in the first quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock valued at $1,516,000 after acquiring an additional 15,134 shares during the last quarter. Finally, PPSC Investment Service Corp grew its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 8.4% in the 1st quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock valued at $10,532,000 after acquiring an additional 22,697 shares during the period.

Direxion Daily 20+ Year Treasury Bull 3X ETF Trading Up 2.2%

Shares of NYSEARCA TMF traded up $0.56 during midday trading on Friday, reaching $26.38. 4,687,345 shares of the stock were exchanged, compared to its average volume of 5,082,127. The business has a 50-day simple moving average of $30.23 and a two-hundred day simple moving average of $33.36. Direxion Daily 20+ Year Treasury Bull 3X ETF has a 12 month low of $24.91 and a 12 month high of $44.24.

Direxion Daily 20+ Year Treasury Bull 3X ETF Company Profile

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bull 3X Shares, seeks daily investment results of 300% of the price performance of the NYSE 20 Year Plus Treasury Bond Index (the Index). The Index is a multiple-security fixed income index that aims to track the total returns of the long-term 20-year and greater maturity range of the United States Treasury bond market. The Index constituent bonds are weighted by their relative amounts outstanding.